4. CIMB-Principal confident new fund will do well

KUALA LUMPUR: CIMB-Principal Asset Management Bhd is confident that its latest product, the syariah-compliant CIMB Islamic Global Emerging Market Equity Fund, will provide respectable annual returns from investments in regions such as Eastern Europe, Africa, the Far East and Latin America. Chief executive Datuk Noripah Kamso said the fund would invest in companies from those regions that have businesses in sectors such as infrastructure, commodities and technology. “Strong global demand for petrol has benefited oil-producing economies such as Brazil, Russia and Mexico. With the slowdown in the US and European economies, emerging markets are set to rank among the world’s largest economies in the coming decades,” she told reporters at the launch yesterday. “To mitigate the current market volatility, investing in this fund will... [read full story]